Q12 The key term of McClelland theory is __________
Risk-taking
innovation
high need for achievement
scacrity

Q13 In the 20th century, the focus of entrepreneurship in economic development was through________
scarcity
innovation
high need for achievement
Risk-taking

Q14 ______ is one of skills are expected to be possessed by an entrepreneur
talking skills
Human skills
upgrading skills
applied skills

Q15 ____are the one who are unhappy with the organization they worked with and decide to start a new venture.
Imitative/Adoptive
minority entrepreneur
first-generation entrepereneur
Discontented entrepreneurs

Q16 ____ are the ones who want to self-actualize themselves, want to achieve something they are capable of, just for the sake of independence and autonomy
discontended
Rational entrepreneur
Self-actualizers
Empirical

Q17 ____ is well informed about the general economic condition and introduces changes which look more radical.
Fabian
Rational entrepreneur
immigrant entrepreneur
accommodative entrepreneur

Q25 _____ is the one who starts fresh, does not have any family business prior to establishing his new venture
Family business entrepreneurs
First-generation Entrepreneurs
Self-actualizers Entrepreneurs
Immigrant Entrepreneurs

Q26 _____ entrepreneurs have a set of common connections and regular patterns of interaction among people sharing common migration experiences
Minority entrepreneur
Ethnic entrepreneur
Immigrant entrepreneur
Women entrepreneur

Q27 _____ is an individual who recently arrived in a country and starts a business as a means of survival in the country.
Minority entrepreneur
Ethnic entrepreneur
Immigrant entrepreneur
Women entrepreneur

Q28 _____ are entrepreneurs that put their efforts together to build enterprise by pooling together their own resources
Solo operators
Active partners
Inventors
Buyers

Q29 _____ defined entrepreneurship as the creation of a new enterprise
Low and Macmillian
Stevenson and Gumpert
Gartner
Cantillon

Q30 _____ defined entrepreneurship as an attitude, and a way of thinking and learning
Hisrich
Shaw and Chaten
Ronstadt
Jones/Sakong

Q31 ——– was a British economist who recognised an entrepreneur as central to economic theory in 1848
John Stuart Mill
Carl Menger
Jean Baptist Say
Jacques Turgot

Q32 ————– described an entrepreneur as a person who pays a certain price for a product to resale it at an unknown price, thereby making decisions about obtaining and using resources.
Carl Menger
Alfred Marshall
Richard Cantillion
Friedrick Hayek

Q33 ———— identified the role of uncertainty and realized that it is uncertainty that makes the role of an entrepreneur very difficult and tedious.
John Stuart Mill
Carl Menger
Jean Baptist Say
Jacques Turgot

Q34 The following are the contributors to the classical school of entrepreneurship except;
Richard Cantilion
Carl Menger
Alfred Marshall
Friedrick Hayek

Q35 To be an entrepreneur implies a discovery process
yes
no
Partially true
Indifferent

Q36 The human capital entrepreneur theory comprises of two factors which are;
Social and spirit capital
Education and experience
Creativity and Innovation
Knowledge and empowerment

Q37 The access to resources by the founder/originator is an important predictor of opportunity-based entrepreneurship and new venture growth.
yes
no
Partially true
Indifferent

Q41 The following are characteristics of an entrepreneur except;
Highly motivated
Risk tolerance
Visionary
Self-centeredness

Q42 Entrepreneurship is a function of seeing investment and production opportunities and willingness to utilize these resources and to invest in their development.
yes
no
Partially true
Indifferent

Q43 The classification of entrepreneurship based on scale of enterprises are;
Small and large
Small and medium
High and low
Narrow and wide

Q44 _____________ are entrepreneurs who inherit their family business and expand it
Family business entrepreneurs
First-generation Entrepreneurs
Self-actualizers Entrepreneurs
Immigrant Entrepreneurs

Q45 ________________ are individuals who do not have any business ownership experience in past but now, they own an independent business
Novice Entrepreneurs
Habitual Entrepreneurs
Technical Entrepreneurs
User Entrepreneurs

Q46 In the earliest period, Marco-Polo who was an Italian acted as a _________
Undertaker
Adventurer
Go-between
Bearer

Q64 The following are personality trait exhibited by an entrepreneur except
Flexibility
Self-centeredness
Versatility
Enthusiastic

Q65 Personality trait, need for achievement and locus of control are associated with entrepreneurial inclination
yes
no
Partially true
Indifferent

Q66 Taxation policy is one of the economic factors that an encourage or discourage entrepreneurship
yes
no
Partially true
Indifferent

Q67 The entrepreneur is solely responsible for pulling resources, labour, materials and other assets together in order to make their value greater than before—-. This statement is applicable to ——-school of thought
Sociologist
Anthropologist
Economics
Biological

Q68 In the 20th century, the focus of entrepreneurship in economic development was through innovation
yes
no
Partially true
Indifferent

Q69 The evolution of entrepreneurship started in the ———- era
15th century
17th century
20th century
18th century

Q70 The following are the characteristics of an entrepreneur except;
Originator
Risk tolerance
Rich
Vision

Q71 Schumpeter believes that entrepreneurs are primarily motivated by an atavistic will to power
yes
no
Partially true
Indifferent

Q72 The performance of an entrepreneur is dependent upon his ———–towards his occupation
knowledge
Skills
Attitude
Ability